OMERS ADMINISTRATION Corp Purchases 3,495 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

OMERS ADMINISTRATION Corp lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 20.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,585 shares of the financial services provider’s stock after purchasing an additional 3,495 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Marsh & McLennan Companies were worth $4,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Minot DeBlois Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $126,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Marsh & McLennan Companies by 7.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,969 shares of the financial services provider’s stock worth $15,499,000 after purchasing an additional 4,816 shares in the last quarter. LRI Investments LLC boosted its holdings in Marsh & McLennan Companies by 121.7% in the 4th quarter. LRI Investments LLC now owns 235 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 129 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $1,906,000. Finally, Gotham Asset Management LLC raised its position in shares of Marsh & McLennan Companies by 409.7% in the fourth quarter. Gotham Asset Management LLC now owns 75,789 shares of the financial services provider’s stock valued at $16,098,000 after buying an additional 60,920 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Raymond James restated an “outperform” rating and set a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. UBS Group raised their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a research report on Wednesday, April 9th. Wells Fargo & Company upped their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 10th. Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $241.93.

Insiders Place Their Bets

In related news, VP Stacy Mills sold 1,317 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $309,455.49. Following the transaction, the vice president now owns 2,923 shares in the company, valued at $686,817.31. The trade was a 31.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nicholas Mark Studer sold 49,390 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total value of $11,367,602.40. Following the sale, the chief executive officer now owns 28,329 shares of the company’s stock, valued at approximately $6,520,202.64. The trade was a 63.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,634 shares of company stock valued at $16,244,986. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $224.13 on Wednesday. The business’s 50-day moving average price is $229.68 and its 200-day moving average price is $224.71. Marsh & McLennan Companies, Inc. has a 12 month low of $201.77 and a 12 month high of $248.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $110.44 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 2.70 and a beta of 0.85.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping the consensus estimate of $3.02 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same period last year, the company earned $2.89 EPS. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be issued a $0.815 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a yield of 1.45%. Marsh & McLennan Companies’s payout ratio is 39.95%.

About Marsh & McLennan Companies

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.